DGAP-News: Gold Bar Development & Consulting Ltd.: Attempt of hostile take over failed

DGAP-News: Gold Bar Development & Consulting Ltd. / Key word(s): Legal
Matter/Offer
Gold Bar Development & Consulting Ltd.: Attempt of hostile take over
failed

09.04.2013 / 10:39

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Attempt of hostile take over failed

Pembroke, Bermuda - 09 April, 2013 - Gold Bar Development & Consulting Ltd.
(the 'Company', 'Gold Bar'; Ticker: GOLD.BH) announces that with intensive
defense measurements in place, the management and majority shareholders of
the Company were able to fend off a hostile and fraudulent take over of the
Company.

Bryan Bardes, CFO Gold Bar Development & Consulting Ltd. stated:  'Due to
the current developments, we can not yet disclose all of the details
regarding the attempt to take over our company by an international finance
service provider. We can however, assure that there will be no sale of Gold
Bar Development & Consulting Ltd. and thus also no reverse merger.'

With immediate effect, the Company has in addition separated from its
financial advisor PRIMARY CAPITAL LTD., PEMBROKE, BERMUDA.

On a more positive note, the Company has had a very successful year mining
gold in Guyana, South America. Utilizing it's alluvial mining approach,
with a single crew of only 8 workers, the Company was able to extract and
sell over 300 ounces of gold, grossing over $500,000 in revenues. The
Company is in the process of getting its financial statements audited, and
will let investors know once these are complete.

Gold Bar Development & Consulting Ltd. intends to substantially expand it's
own mining activities in Guyana by purchasing additional equipment and
putting additional crews together. Gold Bar will also expand its consulting
services in 2013.

About Gold Bar Development & Consulting Ltd.:

Gold Bar's business strategy brings top-notch management and
organization
along with the most current mining technology deep into the
jungles of Guyana, South America, to some of the most mineral rich plots of
land on Earth. The Company's current focus is on alluvial gold mining
projects. Utilizing its alluvial mining approach, the
Company focuses on
the 3-foot layer of gold rich gravel, which lines thousands of acres
throughout the Cuyuni Region of Guyana anywhere from 3 to 20 feet below the
Earth's surface. Gold Bar combines the alluvial mining techniques it's team
has practiced
for the past couple of decades with the latest centrifuge
technology to increase efficiency and extract maximum gold per yard. The
Company then in turn sells this gold to the Guyana Gold Board.

The Company will allocate a portion of this cash flow generated by its
alluvial gold mining endeavors to an exploration program consisting of
surveying and diamond drilling in order to identify and develop underground
hard rock gold deposits.

Gold Bar also offers consulting services to other mining companies looking
to extend their reach into Guyana, as well as local Guyanese junior miners
looking to expand their current operations. By providing financial and
logistical assistance to local junior miners,
Gold Bar is able to enter
into joint ventures and share in their revenues. This enables the Company
to capitalize on mining camps already in operation and producing gold
(property & workers already secured) and significantly reduce the time
involved in
generating a return on investment.

Contact Company:

Gold Bar Development & Consulting Ltd.

Saratu Phillips
CEO of Gold Bar Development & Consulting Ltd.

Bryan Bardes
CFO of Gold Bar Development & Consulting Ltd.

Telefone: +1 855 419 4653

Address:
New Venture House
3 Mill Creek Road, 3rd Floor, Pembroke, Bermuda HM05

Internet: www.gold-bar-dev.com


End of Corporate News

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09.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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206433 09.04.2013